What is the zero of 4x - 3y = -24?

Solved

Show answers

Ответ:

hardyfombu

20.09.2022

Mathematics

$828.36

Explanation:

As for the information provided,

The value = $1,000

Life = 20 years, since interest is semi annual, effective period = 20 $\times$ $\frac{12}{6}$ = 40 periods.

Semi annual interest = $40

Annual interest = 10%, effective interest rate = 5%

Future Value Interest rate = $40 $\times (\frac{1}{(1+0.05)^1} +\frac{1}{(1+0.05)^2} +\frac{1}{(1+0.05)^3} +\frac{1}{(1+0.05)^4} +\frac{1}{(1+0.05)^5} +\frac{1}{(1+0.05)^6} +\frac{1}{(1+0.05)^7} +.................. + \frac{1}{(1+0.05)^4^0} )$

= $40 $\times$ 17.159 = $686.36

Future Value of Principal = $1,000 $\times \frac{1}{(1 + 0.05)^4^0}$

= $1,000 $\times$ 0.142 = $142

Thus, current price of bond = $686.36 + $142 = $828.36

0,0(0 оценок)

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.

Ask your question

More tips

Answers on questions: Mathematics

Ask an AI advisor a question

I want advice